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News for the Hospitality Executive |
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John Lopez's Suenos Hospitality Enters Into Agreement
to Build Cambria
Suites Hotels in Oklahoma City, Oklahoma and Glendale,
Arizona
| SILVER SPRING, Md. and OKLAHOMA CITY, Feb. 12, 2008 - Choice
Hotels International (NYSE: CHH) and Suenos Hospitality of Oklahoma City,
Oklahoma today announced the execution of a development agreement under
which Suenos will execute at least five franchise agreements for Cambria
Suites hotels by December 1, 2009. The first two franchise contracts under
this agreement have been executed for Cambria Suites hotels in Oklahoma
City, Oklahoma and Glendale, Arizona. Suenos Hospitality, LLC is headed
by John Lopez, a distinguished member of the Hispanic business community
and the Chairman of the Board of Lopez Foods, one of the nation's largest
Hispanic- owned businesses.
"As a lifelong entrepreneur, I'm very excited about focusing my energies on my latest endeavor - hotel ownership," said Lopez. "In building Cambria Suites hotels, as with my other businesses, I am committed to serving the communities in which I operate. I look forward to working with Choice Hotels and its Cambria Suites brand team to bring this fresh new alternative in lodging to Oklahoma City, Glendale and a number of other locations." "We are very honored that one of the nation's most respected Hispanic
businessmen, John Lopez, will be developing Cambria Suites hotels," said
William Edmundson, brand president, Cambria Suites.
"As we continue to diversify our ownership base, we are thrilled that John Lopez has joined the ranks of prominent Hispanic entrepreneurs who are franchising Choice-brand hotels," said Raul Fuentes, emerging markets director, Choice Hotels. As of September 30, 2007, 59 Cambria Suites hotels were under contract in 26 states nationwide and in Canada. Choice Hotels International franchises more than 5,500 hotels, representing more than 450,000 rooms, in the United States and 37 countries and territories. |
| Contact:
Choice Hotels International
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